Press release
Global Surface Mount Technology Market is Anticipated to Reach USD 8264.31 Million and Growing at a CAGR of 7.34% During Forecast Period 2023 - 2030 | IGR
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Market Insight:
The surface mount technology market, valued at USD 4,380.93 million in 2022, is anticipated to experience robust growth, reaching USD 8,264.31 million by 2030, exhibiting an impressive CAGR of 7.34% during the forecast period from 2023 to 2030.
Surface-Mount Technology (SMT) encompasses a method of assembling components on printed circuit boards (PCBs), employing solder-reflow processes to attach components to the surface. This market's steady growth stems from the escalating demand for smaller and lighter electronic devices across diverse industries. Leveraging higher packaging densities, enhanced reliability, and reduced costs, SMT offers distinct advantages over traditional through-hole insertion processes, positioning itself as the preferred assembly method for low-cost, high-production consumer electronic assemblies. The integration of automated assembly machines plays a pivotal role in SMT manufacturing, facilitating the transition from through-hole to surface mount technology and delivering benefits like improved mechanical performance, reliability, cost-effectiveness, and faster automated assembly.
The Surface-Mount Technology (SMT) market is propelled by various factors, including the soaring demand for compact electronic components and devices by consumers. SMT facilitates the development of sleek and compact devices, rendering it a favored choice. Moreover, SMT boasts faster and more automated component placement than traditional through-hole technology, culminating in enhanced production efficiency and reduced manufacturing time. Despite the high cost of SMT machines compared to traditional methods, the increasing adoption of smart devices presents a burgeoning opportunity for the market, with products like smartwatches, smartphones, and laptops driving the demand for SMT technology.
Geographic Dynamics:
The report segments the market into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominates the region, driven by the escalating demand for 4G/5G networks and wireless communication. China and Japan serve as pivotal manufacturing hubs for SMT. North America witnesses substantial market growth due to burgeoning urbanization, industrialization, and investments in innovative technologies, particularly in manufacturing smartphones, smartwatches, laptops, and medical devices.
Segments Covered:
The comprehensive report segments the surface mount technology market based on types (inspection equipment, screen printing equipment, cleaning equipment, placement equipment, rework, and repair equipment) and applications (telecommunication, consumer electronics, automotive, aerospace and defense, healthcare).
Companies Profiled:
The report features detailed profiles of industry players such as FUJI MACHINERY CO.,LTD, Panasonic Corporation, JUKI CORPORATION, and others, delineating their significant contributions to the surface mount technology market.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Surface Mount Technology Market Highlights
2.2. Surface Mount Technology Market Projection
2.3. Surface Mount Technology Market Regional Highlights
Chapter 3. Global Surface Mount Technology Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter`s Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Type
3.4.2. IGR-Growth Matrix Analysis by Application
3.4.3. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Surface Mount Technology Market
Chapter 4. Surface Mount Technology Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Surface Mount Technology Market
5.2. Companies Profiles
5.2.1. FUJI MACHINERY CO.,LTD
5.2.2. Yamaha Motor Co., Ltd.
5.2.3. Panasonic Corporation
5.2.4. Mycronic
5.2.5. CyberOptics
5.2.6. Hitachi High-Tech Corporation
5.2.7. JUKI CORPORATION
5.2.8. Nordson Corporation
5.2.9. Hanwha Group
5.2.10. Universal Instruments Corporation
Chapter 6. Global Surface Mount Technology Market by Type
6.1. Inspection Equipment
6.2. Screen Printing Equipment
6.3. Cleaning Equipment
6.4. Placement Equipment
6.5. Rework and Repair Equipment
Chapter 7. Global Surface Mount Technology Market by Application
7.1. Telecommunication
7.2. Consumer Electronics
7.3. Automotive
7.4. Aerospace and Defence
7.5. Healthcare
Chapter 8. Global Surface Mount Technology Market by Region 2023-2030
8.1. North America
8.1.1. North America Surface Mount Technology Market by Type
8.1.2. North America Surface Mount Technology Market by Application
8.1.3. North America Surface Mount Technology Market by Country
8.1.3.1. The U.S. Surface Mount Technology Market
8.1.3.1.1. The U.S. Surface Mount Technology Market by Type
8.1.3.1.2. The U.S. Surface Mount Technology Market by Application
8.1.3.2. Canada Surface Mount Technology Market
8.1.3.2.1. Canada Surface Mount Technology Market by Type
8.1.3.2.2. Canada Surface Mount Technology Market by Application
8.1.3.3. Mexico Surface Mount Technology Market
8.1.3.3.1. Mexico Surface Mount Technology Market by Type
8.1.3.3.2. Mexico Surface Mount Technology Market by Application
8.2. Europe
8.2.1. Europe Surface Mount Technology Market by Type
8.2.2. Europe Surface Mount Technology Market by Application
8.2.3. Europe Surface Mount Technology Market by Country
8.2.3.1. Germany Surface Mount Technology Market
8.2.3.1.1. Germany Surface Mount Technology Market by Type
8.2.3.1.2. Germany Surface Mount Technology Market by Application
8.2.3.2. United Kingdom Surface Mount Technology Market
8.2.3.2.1. United Kingdom Surface Mount Technology Market by Type
8.2.3.2.2. United Kingdom Surface Mount Technology Market by Application
8.2.3.3. France Surface Mount Technology Market
8.2.3.3.1. France Surface Mount Technology Market by Type
8.2.3.3.2. France Surface Mount Technology Market by Application
8.2.3.4. Italy Surface Mount Technology Market
8.2.3.4.1. Italy Surface Mount Technology Market by Type
8.2.3.4.2. Italy Surface Mount Technology Market by Application
8.2.3.5. Rest of Europe Surface Mount Technology Market
8.2.3.5.1. Rest of Europe Surface Mount Technology Market by Type
8.2.3.5.2. Rest of Europe Surface Mount Technology Market by Application
8.3. Asia Pacific
8.3.1. Asia Pacific Surface Mount Technology Market by Type
8.3.2. Asia Pacific Surface Mount Technology Market by Application
8.3.3. Asia Pacific Surface Mount Technology Market by Country
8.3.3.1. China Surface Mount Technology Market
8.3.3.1.1. China Surface Mount Technology Market by Type
8.3.3.1.2. China Surface Mount Technology Market by Application
8.3.3.2. Japan Surface Mount Technology Market
8.3.3.2.1. Japan Surface Mount Technology Market by Type
8.3.3.2.2. Japan Surface Mount Technology Market by Application
8.3.3.3. India Surface Mount Technology Market
8.3.3.3.1. India Surface Mount Technology Market by Type
8.3.3.3.2. India Surface Mount Technology Market by Application
8.3.3.4. South Korea Surface Mount Technology Market
8.3.3.4.1. South Korea Surface Mount Technology Market by Type
8.3.3.4.2. South Korea Surface Mount Technology Market by Application
8.3.3.5. Australia Surface Mount Technology Market
8.3.3.5.1. Australia Surface Mount Technology Market by Type
8.3.3.5.2. Australia Surface Mount Technology Market by Application
8.3.3.6. Rest of Asia-Pacific Surface Mount Technology Market
8.3.3.6.1. Rest of Asia-Pacific Surface Mount Technology Market by Type
8.3.3.6.2. Rest of Asia-Pacific Surface Mount Technology Market by Application
8.4. RoW
8.4.1. RoW Surface Mount Technology Market by Type
8.4.2. RoW Surface Mount Technology Market by Application
8.4.3. RoW Surface Mount Technology Market by Sub-region
8.4.3.1. Latin America Surface Mount Technology Market
8.4.3.1.1. Latin America Surface Mount Technology Market by Type
8.4.3.1.2. Latin America Surface Mount Technology Market by Application
8.4.3.2. Middle East Surface Mount Technology Market
8.4.3.2.1. Middle East Surface Mount Technology Market by Type
8.4.3.2.2. Middle East Surface Mount Technology Market by Application
8.4.3.3. Africa Surface Mount Technology Market
8.4.3.3.1. Africa Surface Mount Technology Market by Type
8.4.3.3.2. Africa Surface Mount Technology Market by Application
More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/market-reports/enquiry/1023
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of surface mount technology.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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